official authorities for various reasons, in financial development convergence. Using panel data from 156 countries over the … development convergence weakens, and eventually can turn out to be divergence. This finding suggests that policies addressing … show that higher informality is also associated with weaker income convergence across countries over time. …

Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil …-law) and religious dominations (Christianity and Islam). We examine convergence in financial intermediary dynamics of depth … size respectively. We also provide the speeds of convergence and time necessary to achieve a full (100%) convergence …

financial systems), efficiency (banking and financial systems), activity (banking and financial systems) and size, play out in …